EXR 0.00% 11.0¢ elixir energy limited

kezzler, See EXR quarterly report out today. North Sea prospects...

  1. 1,445 Posts.
    kezzler, See EXR quarterly report out today. North Sea prospects no comparison to GOM wells. GOM wells low risk, cash flow providers. North sea wells however are potential company makers. Next North Sea well planned is Leopard, hoping to be drilled second half of 08 subject to finalisation of farmouts, EXR looking to be free carried. think Leopard is an oil prospect of 300 million barrels plus. Success there would obviously be worth dollars per share. One would have to expect a lot interest in EXR from ASX and AIM closer to North Sea drilling.
    Seems good buy to me at these levels for those with longer term view, huge potential upside in North Sea with GOM production limiting downside.
 
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